E-commerce Fraud

E-commerce fraud refers to deceptive practices targeting online shoppers or businesses to steal money or sensitive information. Common types include phishing, where fraudsters trick users into giving personal details, and chargeback fraud, where buyers falsely claim an item wasn't received to get their money back after keeping the product. Identity theft is another issue, where criminals use stolen information to make unauthorized purchases. E-commerce fraud can lead to significant financial losses and erodes trust in online shopping platforms, highlighting the importance of secure transactions and awareness among consumers.